Bath & Body Works (NYSE:BBWI) Issues Q4 2024 Earnings Guidance

Bath & Body Works (NYSE:BBWI) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.940-2.070 for the period, compared to the consensus earnings per share estimate of 1.970. The company issued revenue guidance of $2.7 billion-$2.8 billion, compared to the consensus revenue estimate of $2.7 billion. Bath & Body Works also updated its Q4 guidance to $1.94-2.07 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays lowered shares of Bath & Body Works from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $31.00 to $28.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Morgan Stanley reduced their price objective on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday. Raymond James lowered their target price on Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, The Goldman Sachs Group cut their price target on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.25.

Bath & Body Works Price Performance

NYSE:BBWI opened at $30.71 on Monday. Bath & Body Works has a 1-year low of $26.20 and a 1-year high of $52.99. The firm has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $35.83. The firm has a market cap of $6.73 billion, a PE ratio of 7.44, a P/E/G ratio of 0.98 and a beta of 1.79.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. As a group, sell-side analysts expect that Bath & Body Works will post 3.18 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, November 22nd. Bath & Body Works’s payout ratio is 19.37%.

Insider Buying and Selling at Bath & Body Works

In related news, CEO Gina Boswell acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average cost of $29.64 per share, for a total transaction of $177,840.00. Following the acquisition, the chief executive officer now directly owns 242,987 shares in the company, valued at approximately $7,202,134.68. The trade was a 2.53 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

About Bath & Body Works

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.